On Monday, Federal Reserve Bank of New York President John Williams spoke with reporters in a videoconference about a range of issues facing the U.S. central bank. Mr. Williams said he isn’t yet ready to support the Fed pulling back on its asset buying, discussed how Treasury and mortgage purchases affect financial conditions, and said a rise in short-term rates lies well off in the distance. The following transcript of the discussion has been lightly edited for content and clarity.
Q: I was thinking, talk a little bit about,…
